DAYMAK INC., a developer and distributor of alternative energy and fuel efficient vehicles, is pleased to announce that it has placed 84th overall in the 21st annual Profit 100 ranking of Canada's fastest-growing companies by PROFIT Magazine. For the period 2003-2008, Daymak's revenue grew by 1,049%.
This year's PROFIT 100 ranking profiles the country's most successful growth companies that have seen explosive revenue growth for the period 2003-2008. The rankings are published in the June issue of PROFIT, and online at PROFIT100.com, and considered Canada's largest celebration of entrepreneurial achievement. The 2009 edition is Daymak's first appearance on this prestigious list.
"We are thrilled to be recognized by PROFIT as one of the top growth businesses in the country," said Ms. Yeganeh Baiocchi, CEO of Daymak Inc. "Our business continues to show strong growth in the face of an economic downturn and uncertainty. The present economic conditions affecting the global marketplace have in fact created increased demand for our environmentally friendly, and cost efficient products. The past year (2008) was a record year for Daymak and the fifth in a row of year over year growth. The PROFIT 100 selection validates our efforts to build a company that is both innovative and "green". The past five years are also a testament to the efforts and commitment of our talented management and staff." In the coming year we look forward to the roll-out of exciting new products as well as our proprietary D-Drive ™ technology.
"The PROFIT 100 are an inspiration to entrepreneurs at all stages of growth, from start-up to major corporation," says Ian Portsmouth, editor of PROFIT. "Their business practices and product innovations are exemplary of how businesses can succeed in uncertain times."